News Centre

TOM MTF Statistics Week 5, 2016

Date 05/02/2016

Click here to dowmload the weekly statistics update of TOM MTF for week 5, 2016. 

Federal Reserve Board Announces $131 Million Penalty Against HSBC North America Holdings, Inc. And HSBC Finance Corporation

Date 05/02/2016

The Federal Reserve Board on Friday announced a $131 million penalty against HSBC North America Holdings, Inc. and HSBC Finance Corporation for deficiencies in residential mortgage loan servicing and foreclosure processing. The penalty is being assessed in conjunction with an agreement involving similar deficiencies that HSBC announced Friday with the U.S. Department of Justice, other federal agencies, and the state attorneys general.

Investor Group To Acquire Chicago Stock Exchange

Date 05/02/2016

The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the “Casin Group”). The Board of Directors of CHX has unanimously approved the transaction, which is subject to regulatory approvals. The acquisition is expected to close in the second half of 2016. Terms of the transaction have not been disclosed.

TOM Publishes Report Analysing Liquidity On Options Exchanges Over The Month January 2016

Date 05/02/2016

TOM has published a report analyzing liquidity on the various exchanges listing Dutch equity derivatives. This answers to the need in the market in relation to the introduction of MiFIDII starting 2017.

Better Finance: EU Regulators Must Disclose The Falsely Active Funds (“Closet Indexers”) They Identified To Misled Investors

Date 05/02/2016

On February 2nd ESMA released some long awaited results of its investigation on falsely active equity UCITS funds (also called “closet indexers”). Those are funds that claim to be “actively” managed but that are in fact merely following market indices, although they charge much higher fees than low cost index-tracking funds such as ETFs. The distribution of such funds as “active” funds is very misleading to the investor and causes detriment because the investor is paying for a service that he is not actually receiving.

ESMA Publishes Responses To Consultation On The European Single Electronic Format

Date 05/02/2016

The European Securities and Markets Authority (ESMA) has published the responses received to the Consultation Paper on the European Single Electronic Format.

SIFMA Recommends Full Market Close On February 15 For Trading Of US Dollar-Denominated Fixed-Income Securities In Observance Of The US Presidents Day Holiday

Date 05/02/2016

SIFMA has confirmed its previous recommendation for a full market close on Monday, February 15 for the trading of US dollar-denominated fixed-income securities in the United States, the United Kingdom and Japan in observance of the U.S. Presidents Day Holiday.  

ESMA, National Securities Regulators And ECB To Exchange Information

Date 05/02/2016

The European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) have concluded a Memorandum of Understanding (MoU) that will allow the exchange of information and cooperation to help both authorities in fulfilling their respective mandates. 

CurveGlobal Confirms Andrew Ross As CEO

Date 05/02/2016

• Andrew Ross will join from Morgan Stanley
• Brings deep understanding of listed and OTC markets, extensive buy and sell side engagement
• BNP Paribas becomes seventh bank shareholder of CurveGlobal

ESMA Publishes Translations Of Its Guidelines On Complex Debt Instruments And Structured Deposits

Date 05/02/2016

The European Securities and Markets Authority (ESMA) has published translations of its Guidelines on complex debt instruments and structured deposits.